Finance

Five Benefits of Buying Solar Panels for Your Home

A growing number of homeowners are opting to install solar panels on the roof and it isn’t hard to see why when you take a look at the many advantages of using solar energy. Following are five reasons why investing in solar panels is a good idea.

Increased Home Value

Expert analysis has shown that installing solar panels on your roof can boost your home’s value by up to 4%. They can also help you sell your home faster than would have otherwise been possible. Furthermore, solar energy is continually growing in popularity, which means that solar paneling will be a good investment for the foreseeable future.

Reduced Energy Bills

Using solar energy in your home can help you reduce your energy bills by more than $100 per month. Over a twenty-year time period, you could save as much as $30,000.

Environmental Benefits

Over a third of all carbon emissions in the United States come from the U.S. electric power sector. Going solar helps to improve your local environment by reducing energy consumption, keeping the air clean for future generations.

Low Maintenance

Solar panels don’t need a lot of maintenance. You only need to clean them twice a year. You can either do this on your own or hire a professional service to handle the job.

High Quality Product

Naturally, some solar panels are higher quality than others. How the panels are installed will also have a bearing on how well they work. Even so, solar panel manufacturers generally include a 20 or 25-year warranty with their products. What is more, most solar panels are guaranteed to work at an 80% performance level even after the guarantee is over. In fact, solar panels can generate a significant amount of electricity even forty years after they have first been installed.

While investing in solar panels isn’t necessarily cheap, it’s well worth your effort. What is more, your local MIG mortgage lender in Morristown may be able to offer you a reverse mortgage to help you cover initial costs. Get in touch with our mortgage company branch in Morristown to learn more about how this type of loan works and determine if it’s the right option for you personally.